Federal Reserve Chairman Jerome Powell said there was still a risk of doing too little to bring down inflation, noting that he would not back down from raising interest rates in two consecutive policy meetings.
Asked during a panel discussion at the European Central Banks Forum on Central Banks whether the Fed would raise rates every other meeting, Powell said: “ We haven't decided to go for it yet. It might turn out like this. It might not work that way. But I wouldn't, you know, refuse to postpone a rate hike in a row at all."
When asked if he thought the risk was...
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